Deutsche Bank, BNP to Back Della Valle Plan to Buy Rest of Tod’s

Global banks including BNP Paribas SA’s BNL unit, Credit Agricole SA and Deutsche Bank AG will provide the funding for a plan by Italian fashion tycoon Diego Della Valle to buy out the remaining shares in Tod’s SpA, the high-end Italian shoemaker he founded.

The Della Valle family will put up a 49% stake in Tod’s as collateral for a 420 million-euro ($409 million) loan to fund its bid to buy out the portion of the company it doesn’t own, according to a regulatory filing Friday